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DUBAI / WAM
In another first, investors globally will now be able to start their business in Dubai without having to be in the UAE, following an agreement between the Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economic Development (DED), in Dubai, and the US-based Alliance Business Centres Network (ABCN).
The partnership will enable investors overseas to use a network of 650 business centres spread across 85 cities in 45 countries to start a business in Dubai. The initiative is part of Dubai FDI’s continuing efforts to attract sustainable foreign investment in line with the goals of the Dubai Plan 2021 and promote the emirate as a competitive destination to do business.
Through the agreement, Dubai FDI seeks to attract international companies to Dubai and enable them to grow and expand their business by leveraging a full range of professional services provided by ABCN. The partnership comes at a time when global investors and major multinationals are looking to capitalise on the prospects in Dubai, including its vibrant lifestyle, modern facilities, cultural diversity and openness, in addition to the highly competitive business environment.